Essex Property Trust with ticker code (ESS) have now 21 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 271 and 195 with a mean TP of 238.52. Given that the stocks previous close was at 219.54 this would indicate that there is a potential upside of 8.6%. There is a 50 day moving average of 214.63 and the 200 day MA is 255.83. The market cap for the company is $15,153m. Company Website: https://www.essexapartmenthomes.com
The potential market cap would be $16,463m based on the market concensus.
Essex Property Trust, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.
